The Hour Glass (AGS) H1 2027 earnings summary

Executive summary

• 1H FY2027 revenue rose 20% YoY to $740.0m; profit after tax increased 28% to $96.6m.

• Gross margin improved to 31.3% from 30.8%; the Board approved an interim dividend of 2.00 cents per share, unchanged YoY.

Financial highlights

• Revenue and other income reached $748.6m, up 20% YoY; cost of goods sold increased 19% to $508.7m.

• Profit before tax rose 29% to $124.4m; income tax expense increased 33% to $27.8m.

• Profit attributable to owners was $96.3m, up 27% YoY; basic and diluted EPS increased 29% to 15.09 cents.

• Net cash from operating activities was $94.4m versus $108.2m in 1H FY2026.

Outlook and guidance

• Despite global economic uncertainties and rising interest rates affecting consumer sentiment, resilience is expected.

• Barring unforeseen circumstances, profitability is expected for the full financial year.